Turkish flat steel imports up 2.67% year on year in July

Turkey imported 608,982 tonnes of flat steel in July 2019, up by 2.67% from the corresponding month in 2018, when 593,154 tonnes arrived in the country, the Turkish Statistical Institute (TUIK) said this week.

Turkey’s domestic market has been suffering since August 2018, when trade relations with the United States soured after US president Donald Trump doubled trade tariffs against the country’s products and the value of the Turkish lira fell against the US dollar. On September 4, the lira was trading at TRY100 to $17.3340, compared with TRY100 to $15.0603 on September 4, 2018. The US then halved the import duties, putting...

Published

Serife Durmus

September 04, 2019

15:48 GMT

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